Mhidzo Events Management Co (Pty) Ltd
| Business Location: | Urban |
| Province | Western Cape |
| Branch: | Cape Winelands |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
The business mainly prepares and bakes confectioneries for their clients that orders
from the business.
Challenges/Needs:
The following challenges were identified:
• Limited clientele, and
• Limited turnover and profits.
Intervention Insights and Results
Intervention Details:
The client approached SEDFA Cape Winelands Branch to seek assistance with the
growth of the business, where he was introduced to Mphumzi Mange, one of the
Business Advisors who conducted a diagnostic assessment, the Critical Planning
Exercise (CPE) on the business. The aim of the CPE is to plan and prepare financial
projections for twelve months or more and simulates various “what if” scenarios.
The assessment assisted the business to make accurate, realistic financial predictions
and develop a plan which significantly contribute to the business viability and how
best to improve competitiveness and grow the business.
The following recommendations were implemented:
• Development of Signage, and
• Facilitated continuous business advice
growth of the business, where he was introduced to Mphumzi Mange, one of the
Business Advisors who conducted a diagnostic assessment, the Critical Planning
Exercise (CPE) on the business. The aim of the CPE is to plan and prepare financial
projections for twelve months or more and simulates various “what if” scenarios.
The assessment assisted the business to make accurate, realistic financial predictions
and develop a plan which significantly contribute to the business viability and how
best to improve competitiveness and grow the business.
The following recommendations were implemented:
• Development of Signage, and
• Facilitated continuous business advice
Outcome Details:
The following results were achieved:
• Turnover increased from R 52 450 to R 68 329, an increase of 30.27%;
• Profits have increased from R 7 095 to R 12 543, an increase of 76.79%, and
• Employment remained the same as 2 employees (the owners).
• Turnover increased from R 52 450 to R 68 329, an increase of 30.27%;
• Profits have increased from R 7 095 to R 12 543, an increase of 76.79%, and
• Employment remained the same as 2 employees (the owners).
Client Feedback
Client Comments:
I would like to thank Sedfa for the great help they have been in my business and hoping
that they will continue helping me to grow, thank you.”
that they will continue helping me to grow, thank you.”
